Mountain Springs Terrace Condominium Homes with >1 Space Per Unit Parking Features

Welcome to Mountain Springs Terrace Condominium, a hidden gem nestled in the vibrant heart of Phoenix, Arizona. This charming subdivision offers a unique blend of modern living and serene surroundings, making it an ideal choice for those seeking comfort and convenience in the Valley of the Sun.

Mountain Springs Terrace is known for its beautifully designed condominiums that cater to a variety of lifestyles. Each home is thoughtfully crafted with spacious layouts, ensuring ample room for relaxation and entertainment. One of the standout features of this community is the availability of parking—each unit boasts more than one designated parking space, a rare find that adds to the overall appeal of the property. Whether you have multiple vehicles or simply want the convenience of extra space for guests, Mountain Springs Terrace ensures that your parking needs are met.

The location is another significant advantage of this subdivision. Situated in Maricopa County, residents enjoy easy access to Phoenix’s bustling city life while being surrounded by the stunning natural beauty of the Arizona landscape. From nearby parks and hiking trails to shopping and dining options, everything you need is just a stone's throw away.

In Mountain Springs Terrace, you’re not just purchasing a home; you’re investing in a lifestyle. Experience the perfect blend of comfort, convenience, and community in this exceptional Phoenix condominium. Come discover your next home in Mountain Springs Terrace, where every day feels like a vacation!

Newest Mountain Springs Terrace Condominium Homes with >1 Space Per Unit Parking Features

$625,000

5 Beds ⋅ 5 Baths ⋅ 6770097 MLS

5-UNIT VALUE-ADD INVESTMENT OPPORTUNITY | $625,000 | Approx. $125,000 Per Unit Small portfolio. Big opportunity.Terrace, offering investors an opportunity to acquire a manageable workforce housing portfolio with future flexibility. Each residence is a 1-bedroom plus den / 1-bath floor plan (the den functions as a bedroom but does not have a window) and includes its own washer and dryer. Priced at $625,000--approximately $125,000 per unit--this portfolio is well suited for investors looking to expand an existing rental portfolio or establish a meaningful presence in the Phoenix workforce housing market.The projected income profile offers attractive risk-adjusted return potential for investors who understand value-add opportunities and active portfolio management.This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will utilize commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this type of asset. Investment Highlights: Individually deeded condominium ownership allowing future resale flexibility. Professionally managed HOA. Renovated units with in-unit washer and dryer. Strong workforce housing demand in North Phoenix. Covered parking, community pool, on-site management office, barbecue area and convenient freeway access. Attractive entry point at approximately $125,000 per unit. This portfolio offers investors an opportunity to own income-producing real estate with operational upside while maintaining a manageable five-unit footprint. If you're looking for a pristine institutional asset, this isn't it. If you're looking for cash flow, upside, and know how to operate Class C workforce housing, let's talk.

18202 Cave Creek Road Unit 5 units, Phoenix

$2,125,000

29 Beds ⋅ 29 Baths ⋅ 6770068 MLS

17-UNIT VALUE-ADD WORKFORCE HOUSING PORTFOLIO | $2,125,000 | Approx. $125,000 Per Unit. Not every investor is the right buyer for this portfolio and that's exactly the point. This 17-unit workforce housing portfolio consists of individually deeded condominium units within Mountain Springs Terrace and is being offered as a single investment opportunity. The portfolio includes eleven 2-bedroom plus den/2-bath units, five 1-bedroom plus den/1-bath units, and one 3-bedroom/1-bath unit. (The den functions as a bedroom but does not have a window.) Offered at $2,125,000 approximately $125,000 per unit this is a value-add opportunity designed for investors who understand cash flow, operational improvements and long-term appreciation rather than turnkey perfection. The projected income profile offers the type of risk-adjusted return experienced investors often seek in workforce housing assets, recognizing that stronger returns typically accompany opportunities requiring active ownership and thoughtful management. This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will be an experienced investor utilizing commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this asset class. Many units have been renovated over time, and every residence includes its own washer and dryer an amenity that continues to attract long-term tenants. The community offers covered parking, a swimming pool, on-site management office, barbecue area, and convenient access to major employment corridors, shopping, Loop 101, SR-51, and public transportation. Investment Highlights: Individually deeded condominium ownership providing long-term ownership flexibility and multiple future exit strategies. Professionally managed HOA. Continued capital improvements and ongoing maintenance demonstrate proactive ownership. Strong demand for workforce housing in an established North Phoenix rental market. Every residence includes an in-unit washer and dryer. Attractive basis at approximately $125,000 per unit. This is not a passive investment. It is a portfolio built for investors who understand Class C workforce housing, recognize value-add opportunities, and appreciate the balance between operational involvement and long-term income potential. If you're looking for a pristine institutional asset, this isn't it. If you're looking for cash flow, upside, and know how to operate Class C workforce housing, let's talk.

18202 Cave Creek Road Unit 17units, Phoenix

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